Tessenderlo invests in water treatment plant in France; to close fertilizer and pharma units

5:00 AM MDT | October 5, 2012 | Natasha Alperowicz

Tessenderlo Group today announced a major restructuring project to reposition its Loos, France site to focus on the production of water treatment chemicals, “securing the group’s leading position in this profitable growth segment.” The company plans to invest €75 million ($97.5 million) at the site with approximately two thirds of the total covering new plants, which should be operational by 2016. The rest of the expenditure will be used to cleanup historical soil pollution over the next 10 years. Projects include the...